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The Reserve Bank of India (RBI) has barred Bajaj Finance from lending under two products — Insta EMI and eCOM citing violations of certain provisions of the digital lending guidelines. This includes the non-issuance of key fact statements (KFS) to borrowers for these two lending products and deficiencies in KFS issued for other digital loans sanctioned by the company. The Insta EMI card, a virtual card, enables customers to shop for 1 million products offered by the company at ‘no-cost EMI’. A pre-approved loan of Rs 2 lakh is also available with this card, featuring a repayment tenure of up to 60 months.
If the ratio of time periods of investment of A and B is 2:5, profit at the end of the year is Rs.140000 and A’s share in it is Rs.40000, then what is...
A and B started a business by investing Rs. 18,000 and Rs. 27,000 respectively. A also worked as the active manager and for that he is entitled to recei...
"Arun and Bharat started a business together with a combined investment of Rs. 3000. After the first year, Arun withdrew Rs. 400 ...
Nina, Omar, and Paula invest in the business in the ratios of 9:5:p, respectively, and their time periods are 2 months, 3 months, and 4 months, respecti...
'Arjun' initiated a business with an investment of Rs. 1,200. After eight months, 'Bhishma' joined the business with an investment equivalent to 60% of ...
A, B, and C invested ₹50,000, ₹70,000, and ₹80,000, respectively, to start a business. At the end of the year, the profit was ₹60,000. If A with...
Ashish started a business by investing Rs. 4200. Few months later; Ramesh joined him by investing Rs. 4800 such that at the end of the year, the profit ...
X, Y, and Z each invested amounts of Rs. 60,000, Rs. 180,000, and Rs. 100,000 at an annual simple interest rate of 5%. The investment durations for X, Y...
A, B and C invest in a partnership in the ratio 4:3:6 and investment of A is Rs.200 less than investment of C. Partner B invests for 1/5th and A and C i...
Ravi and Suman are partners in a business. Ravi (working) puts in Rs. 4000 and Suman (sleeping) puts in Rs. 8000. Ravi receives 10% of the profit for ma...
